Caerus Oil and Fuel is deploying Qube Applied sciences’ superior steady monitoring expertise throughout 50 websites in Colorado’s Piceance basin.
The collaboration for sustainable power improvement was finalized after a complete pilot, Qube stated in a information launch, including that it “marks a major step ahead within the adoption of cleaner power practices”.
The pilot section successfully showcased Qube’s expertise’s capacity to carry out in precise operational settings, guaranteeing reliability and effectiveness, the corporate stated. The expertise will allow Caerus to stick to the Oil & Fuel Methane Partnership (OGMP) 2.0 framework, which is a measurement-based reporting normal aimed toward reaching greater ranges of emission quantification and mitigation. Particularly, Caerus is concentrating on Stage 4 compliance, which incorporates detailed source-specific emission reporting and employs varied quantification strategies to refine methane emission assessments.
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Caerus’s technique consists of a number of aerial surveys and the deployment of voluntary steady monitoring at roughly 85 websites, coupled with high-flow sampling to guage emissions from particular gear. The info will improve Caerus’ emissions inventories and contribute to extra correct environmental impression assessments, Qube stated.
With Qube’s expertise, Caerus can monitor emissions with greater precision, enhancing their capacity to handle and scale back greenhouse fuel emissions successfully, based on the discharge.
“Adopting Qube’s refined monitoring options considerably advances our environmental targets,” Jerry Dismukes, Air Compliance Supervisor at Caerus Oil and Fuel, stated. “This partnership not solely boosts our operational effectivity but additionally demonstrates our proactive method to our environmental targets towards stewardship”.
Qube CEO Alex McGregor stated, “We’re excited to affix forces with an organization like Caerus Oil and Fuel within the Piceance Basin. This partnership underscores our shared dedication to driving environmental stewardship by modern emissions discount options within the power sector”.
Qube is a Calgary-based expertise firm that has developed low-cost environmental surveillance expertise. Its mission is to assist main industries, corresponding to oil and fuel, cost-effectively detect, quantify, and scale back methane and different emissions. Qube is at present working with main operators throughout Canada and the US and has assist from a variety of buyers and authorities our bodies, based on the discharge.
Collection B Funding
Qube in February efficiently closed its Collection B funding, with contributions from TC Vitality, NGIF Cleantech Ventures, and Bain & Firm Future Again Ventures (FBV), along with the preliminary shut by Riverbend Vitality Group.
Qube stated in an earlier assertion it plans to make use of the brand new funding to additional its dedication to innovation, broaden its worldwide attain, and reinforce its place because the main supplier of steady emissions monitoring for prime emitting industries.
“Securing this newest funding accelerates Qube Applied sciences’ improvement and deployment of emissions monitoring applied sciences. This funding from NGIF Cleantech Ventures, TC Vitality, and Bain & Firm FBV expands our attain past oil and fuel to high-emitting sectors like landfills, mining, and agriculture, reinforcing our dedication to offer exact, dependable instruments for emission monitoring,” MacGregor stated.
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